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Towne Services Inc Announces Proposed Merger With

Towne Services, Inc. Announces Proposed Merger With Private Business, Inc

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Title: Towne Services, Inc. Announces Proposed Merger With Private Business, Inc

Essay Details:

Subject: Business

Author: Robert B

Date: December 11, 2015

Level: University

Grade: A

Length: 3 / 623

Essay text:

The merger is subject to customary closing conditions, including approval by the shareholders of both companies, and is expected to close in the first half of 2001. Commenting on the transaction, Lynn Boggs, chairman and chief executive officer of Towne Services, commented, "We are very excited to have the opportunity to join forces with Private Business in the merger of the two leading companies in the electronic transaction processing industry. We believe there are a number of significant financial and operating synergies that will be immediately realized with the combination of two companies who bring different, but very complementary strengths to the merger...

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